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Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
 Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director General of Taxes, Darmin Nasution, in a press conference, there is no income tax received from the general mining sector as they keep on incurring losses. 31.3% OF TARGET In the period January-June 2009, coal production reached 72 million tons (31.3%) of the 230 million tons national target for this year. The Director General of Mineral, Coal and Geothermal, Bambang Setiawan, said 62 million tons come from Coal Contract of Work (CCoW) holders and 10 million tons from Mining Authorization (KP) holders.
75 million tons in a half year
The Director General of Mineral, Coal and Geothermal, Bambang Setiawan, cited the realization of coal sales in the first half of 2009 reached 75 million tons. Of this amount, 52 million tons were exported and 23 million tons for domestic consumption.
Mining PNBP Rp 7.2 trillion Information from the Director General of Mineral, Coal and Geothermal is that Non-Tax State Revenue (PNBP) from mining up to 30 June was Rp7.2 trillion. Rp43.7 billion is derived from dead rent, Rp4.88 trillion from royalty and Rp2.3 trillion from coal sales.
Not to participate in tender
The President Director of PT Tambang Batubara Bukit Asam, Sukrisno, said the company will not participate in the tender for procuring 3.26 million tons of low rank coal opened by PLN (Persero) under a 20-year contract due to limited transportation.
This year, PT Garda Tujuh Buana Tbk projected a production of 900,000 MT of coal, a jump compared to that in 2008 at 30,000 MT. The company is to export the entire production i.a. to Dynet International in Singapore. “Actually, their demand is 1.2 million tons,” said Business Development Director Socrates Rudi Sirait.
State Enterprise Holding Company not yet clear
The Secretary to the Minister of State Enterprises, Said Didu, predicts that the setting up of a holding company of state enterprises will not have been realized in October 2009, due to constraints of inter department coordination. The forming of a holding company is the mandate of Presidential Instruction No.5/2008 and should have been effective this year. The Presidential Instruction regulates rightsizing and restructuring of state enterprises.
Production up to 70 million tons
PT. Kaltim Prima Coal targets its coal production at 43 million tons this year and throughout 2012-2013 to rise to 70 million tons. According to KPC CEO Endang Ruchyat, the rise in production will be followed by the construction of a 2x100 MW power plant.
Awaits BHP Internal Evaluation
At the moment BHP Billiton is finalizing its internal evaluation on the option of releasing its ownership of the Maruwai coal project in Murung Raya regency, Central Kalimantan. “We are waiting for BHP to open an official tender on the sale of said asset,” said Bumi Resources Tbk spokesperson Dileep Srivastava.
Coal supply secured by PLN
Primary Energy Unit Head Nasri Sebayang is optimistic that coal supply for the 10,000 MW power plants phase I will not be short. A stock of some 5 million tons per year is being readied by a number of supplying companies.
Optimistic Target will be reached
Although until last May production was only 4.58 million tons or 36% of the annual target, the President Director of PT Tambang Batubara Bukit Asam, Sukrisno, is optimistic this year’s target of 12.7 million tons could be reached. “We shall try hard to produce 1.15 million tons per month” he said.
Royalty Remittance to Increase
The government is to optimize state revenue from the mining sector by raising the remittance of royalty from mining companies operating in Indonesia. Special Staff Member of the EMR Minister, Simon F. Sembiring, said the plan is still in the negotiation stage.
Pawning IUP prohibited
The Director of Mineral and Coal Business Development, Bambang Gatot Ariyono, asserted that mining companies are prohibited to pawn company shares or Mining Business License (IUP) to obtain funding loans. Such pawning is against Law No.4/2009 regarding Mineral and Coal Mining.
Source: Coalindo Energy
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
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